NQ Mobile Inc. sank the most on record after Muddy Waters LLC called the Chinese mobile-security service provider a "massive fraud." The company denied the allegations. NQ Mobile dropped 47 percent to $12.09 in New York yesterday, the most since the its initial public offering in May 2011, before trading was suspended.
NQ Mobile Inc. sank, extending its two-day slide to more than 50 percent, as the Chinese mobile-security service provider denied Muddy Waters LLC's allegation that it inflated revenue. NQ Mobile slumped 12 percent to $10.63 in New York after plunging 47 percent yesterday as Muddy Waters, the research firm founded by short seller Carson Block, initiated coverage of the stock with a strong sell rating.
The Astros adj. active payroll is about 3x that of the Rays. Yankees even higher than Astros. But the Red Sox, who didn't make the playoffs, had the highest payroll and the Cubs had the highest adjusted payroll. https://www.spotrac.com/mlb/payroll/